Wednesday, September 28, 2016
Wednesday, September 21, 2016
Monday, September 19, 2016
Friday, September 16, 2016
HOW TO REMOVE PRIVATE STUDENT LOANS? https://houstonmcmiller.com/home
HOW TO REMOVE PRIVATE STUDENT LOANS?
http://www.businesscreditamerica.com/ ASK FOR MASTER PROMISSORY NOTE.
http://www.digrigoli.com/pdf/school-financial-assistance_6_303630293.pdf
Learn, how to remove private student loans? In this video we talk about the difference between a private student loan and fed loan.
2. Fixed Versus Floating Rate Loans
Also unlike the government-backed loan programs, some private lenders are tempting debtors with what amounts to low introductory-rate financing, much the same way that some banks and private mortgage lenders tempt other consumers with adjustable rate mortgages (ARMs).
In both instances, interest-rate risk is effectively transferred to the borrower from the lender. In other words, when rates move up, so will the amount of the loan payment. When rates move down, however, you may well find the payment amount will not decline below a certain point.
Certainly, there are those who are comfortable rolling this pair of dice. The question is, is it worth the gamble in the first place?
3. Prepayment Penalties
And then there’s the matter of loan pre-payability.
Federal student loan borrowers have the right to pay off their debt in full or in part at any time, without penalty. That means, whatever interest the borrower would have been charged over the remaining term of his or her loan is waived when the debt is fully paid off, or discounted when the loan balance is reduced quicker than it otherwise would have been.
Not necessarily so in the private sector.
Depending on the terms of the refinancing agreement, the lender may require its borrower to pay a premium — a word that the financial services industry prefers to fee — to retire their loan ahead of time.
4. Superior Relief
Perhaps the key difference between public and private higher-education loans is the quality, quantity and active promotion of the relief programs that are available to financially distressed borrowers.
Setting aside for the moment the problems that the government is attempting to remedy with the loan-servicing companies to which the Department of Education subcontracts the administration of the student loans it originates, no other lender is as willing to accommodate both temporary and longer-term hardships than the federal government.
Whether you chalk that up to Uncle Sam’s sincere desire to assist troubled debtors or to protect the taxpayers who will ultimately be left holding the bag on this financing program, hands down, the government’s income-based, income-contingent and public-service debt-forgiveness plans are superior to all others.
5. No Going Back
Last but not least, there are no round-trip tickets when it comes to financing government-backed student loans that were refinanced by private lenders. Once these loans are off the government’s books — what happens when a loan that’s made by one lender is financed at a later date by another — they are no longer eligible to be refinanced under any of the government’s standard or distressed-borrower relief programs.
With all this in mind, while it could make sense to refinance existing education-related debts that were originated in the private sector — provided you’re not being asked to give up more in the form of co-signors, prepayment penalties and so forth in exchange for that consideration — it’s hard to justify refinancing your government-backed debts in this manner.
SCR: CREDIT.COM
http://BusinessCreditAmerica.com
http://www.businesscreditamerica.com/ ASK FOR MASTER PROMISSORY NOTE.
http://www.digrigoli.com/pdf/school-financial-assistance_6_303630293.pdf
Learn, how to remove private student loans? In this video we talk about the difference between a private student loan and fed loan.
2. Fixed Versus Floating Rate Loans
Also unlike the government-backed loan programs, some private lenders are tempting debtors with what amounts to low introductory-rate financing, much the same way that some banks and private mortgage lenders tempt other consumers with adjustable rate mortgages (ARMs).
In both instances, interest-rate risk is effectively transferred to the borrower from the lender. In other words, when rates move up, so will the amount of the loan payment. When rates move down, however, you may well find the payment amount will not decline below a certain point.
Certainly, there are those who are comfortable rolling this pair of dice. The question is, is it worth the gamble in the first place?
3. Prepayment Penalties
And then there’s the matter of loan pre-payability.
Federal student loan borrowers have the right to pay off their debt in full or in part at any time, without penalty. That means, whatever interest the borrower would have been charged over the remaining term of his or her loan is waived when the debt is fully paid off, or discounted when the loan balance is reduced quicker than it otherwise would have been.
Not necessarily so in the private sector.
Depending on the terms of the refinancing agreement, the lender may require its borrower to pay a premium — a word that the financial services industry prefers to fee — to retire their loan ahead of time.
4. Superior Relief
Perhaps the key difference between public and private higher-education loans is the quality, quantity and active promotion of the relief programs that are available to financially distressed borrowers.
Setting aside for the moment the problems that the government is attempting to remedy with the loan-servicing companies to which the Department of Education subcontracts the administration of the student loans it originates, no other lender is as willing to accommodate both temporary and longer-term hardships than the federal government.
Whether you chalk that up to Uncle Sam’s sincere desire to assist troubled debtors or to protect the taxpayers who will ultimately be left holding the bag on this financing program, hands down, the government’s income-based, income-contingent and public-service debt-forgiveness plans are superior to all others.
5. No Going Back
Last but not least, there are no round-trip tickets when it comes to financing government-backed student loans that were refinanced by private lenders. Once these loans are off the government’s books — what happens when a loan that’s made by one lender is financed at a later date by another — they are no longer eligible to be refinanced under any of the government’s standard or distressed-borrower relief programs.
With all this in mind, while it could make sense to refinance existing education-related debts that were originated in the private sector — provided you’re not being asked to give up more in the form of co-signors, prepayment penalties and so forth in exchange for that consideration — it’s hard to justify refinancing your government-backed debts in this manner.
SCR: CREDIT.COM
http://BusinessCreditAmerica.com
Wednesday, September 14, 2016
How to discharge student loan debt ? https://houstonmcmiller.com/home
Learn, how you may be able to discharge your student loans.
https://houstonmcmiller.com/home
https://studentaid.ed.gov/sa/
1. Permanent disability forgiveness
If you are permanently disabled, you could qualify to have your student loans forgiven by following the steps, as outlined on disabilitydischarge.com:
If you’re a veteran, you can submit documentation from the U.S. Department of Veterans Affairs showing the VA has determined you are unemployable due to a disability related to your service.
If you’re receiving Social Security Disability Insurance or Supplemental Security Income benefits, you can submit a Social Security Administration notice of award for SSDI or SSI benefits that states your next scheduled disability review will be within five to seven years from the date of your most recent determination; or
You can submit certification from a physician that you are totally and permanently disabled. Your physician must certify that you are unable to engage in any substantial gainful activity because it has been determined that it can be expected to result in death; has lasted for a continuous period of no less than 60 months; or can be expected to last for a continuous period of no less than 60 months.
2. Public service forgiveness
This loan forgiveness program is designed to encourage people to enter and to continue to work full time in public service. Under the Public Service Loan Forgiveness program, you may qualify for forgiveness of your remaining loan balances after you’ve made 120 qualifying payments while employed full time by certain types of public service employers, according to StudentAid.gov.
3. Physician forgiveness
Several states offer student loan forgiveness programs to doctors (some also include pharmacists, dentists, nurses and other health care professionals). New York, for example, offers up to $150,000 to physicians who commit to working in an underserved region for five years.
4. Nursing repayment program
This program repays up to 60% of student loans for registered nurses who agree to work full-time (32 hours or more each week) for two years in a nonprofit facility that needs nurses. Nurses that choose to work a third year have the opportunity to repay an additional 25% of their student loans. For more information, you can visit the website of the Health Resources and Services Administration.
src:credit.com
http://studentloanremoval.blogspot.com/2015/06/student-loans-top-7-questions-you.html
Houston McMiller
http://www.businesscreditamerica.com/
1-888-883-3013
https://houstonmcmiller.com/home
https://studentaid.ed.gov/sa/
1. Permanent disability forgiveness
If you are permanently disabled, you could qualify to have your student loans forgiven by following the steps, as outlined on disabilitydischarge.com:
If you’re a veteran, you can submit documentation from the U.S. Department of Veterans Affairs showing the VA has determined you are unemployable due to a disability related to your service.
If you’re receiving Social Security Disability Insurance or Supplemental Security Income benefits, you can submit a Social Security Administration notice of award for SSDI or SSI benefits that states your next scheduled disability review will be within five to seven years from the date of your most recent determination; or
You can submit certification from a physician that you are totally and permanently disabled. Your physician must certify that you are unable to engage in any substantial gainful activity because it has been determined that it can be expected to result in death; has lasted for a continuous period of no less than 60 months; or can be expected to last for a continuous period of no less than 60 months.
2. Public service forgiveness
This loan forgiveness program is designed to encourage people to enter and to continue to work full time in public service. Under the Public Service Loan Forgiveness program, you may qualify for forgiveness of your remaining loan balances after you’ve made 120 qualifying payments while employed full time by certain types of public service employers, according to StudentAid.gov.
3. Physician forgiveness
Several states offer student loan forgiveness programs to doctors (some also include pharmacists, dentists, nurses and other health care professionals). New York, for example, offers up to $150,000 to physicians who commit to working in an underserved region for five years.
4. Nursing repayment program
This program repays up to 60% of student loans for registered nurses who agree to work full-time (32 hours or more each week) for two years in a nonprofit facility that needs nurses. Nurses that choose to work a third year have the opportunity to repay an additional 25% of their student loans. For more information, you can visit the website of the Health Resources and Services Administration.
src:credit.com
http://studentloanremoval.blogspot.com/2015/06/student-loans-top-7-questions-you.html
Houston McMiller
http://www.businesscreditamerica.com/
1-888-883-3013
Subscribe to:
Comments (Atom)